It's amazing what POTUS has accomplished in only 2.5 years.
Economic Growth
• 4.2 percent growth in the second quarter of 2018.
• For the first time in more than a decade, growth is projected to exceed 3 percent over the calendar year.
Jobs
• 4 million new jobs have been created since the election, and more than 3.5 million since Trump took office.
• More Americans are employed now than ever before in our history.
• Jobless claims at lowest level in nearly five decades.
• The economy has achieved the longest positive job-growth streak on record.
• Job openings are at an all-time high and outnumber job seekers for the first time on record.
• Unemployment claims at 50 year low
• African-American, Hispanic, and Asian-American unemployment rates have all recently reached record lows.
o African-American unemployment hit a record low of 5.9 percent in May 2018.
o Hispanic unemployment at 4.5 percent.
o Asian-American unemployment at record low of 2 percent.
• Women’s unemployment recently at lowest rate in nearly 65 years.
o Female unemployment dropped to 3.6 percent in May 2018, the lowest since October 1953.
• Youth unemployment recently reached its lowest level in more than 50 years.
o July 2018’s youth unemployment rate of 9.2 percent was the lowest since July 1966.
• Veterans’ unemployment recently hit its lowest level in nearly two decades.
o July 2018’s veterans’ unemployment rate of 3.0 percent matched the lowest rate since May 2001.
• Unemployment rate for Americans without a high school diploma recently reached a record low.
• Rate for disabled Americans recently hit a record low.
• Blue-collar jobs recently grew at the fastest rate in more than three decades.
• Poll found that 85 percent of blue-collar workers believe their lives are headed “in the right direction.”
o 68 percent reported receiving a pay increase in the past year.
• Last year, job satisfaction among American workers hit its highest level since 2005.
• Nearly two-thirds of Americans rate now as a good time to find a quality job.
o Optimism about the availability of good jobs has grown by 25 percent.
• Added more than 400,000 manufacturing jobs since the election.
o Manufacturing employment is growing at its fastest pace in more than two decades.
• 100,000 new jobs supporting the production & transport of oil & natural gas.
American Income
• Median household income rose to $61,372 in 2017, a post-recession high.
• Wages up in August by their fastest rate since June 2009.
• Paychecks rose by 3.3 percent between 2016 and 2017, the most in a decade.
• Council of Economic Advisers found that real wage compensation has grown by 1.4 percent over the past year.
• Some 3.9 million Americans off food stamps since the election.
• Median income for Hispanic-Americans rose by 3.7 percent and surpassed $50,000 for the first time ever in history.
o Home-ownership among Hispanics is at the highest rate in nearly a decade.
• Poverty rates for African-Americans and Hispanic-Americans have reached their lowest levels ever recorded.
American Optimism
• Small business optimism has hit historic highs.
o NFIB’s small business optimism index broke a 35 year-old record in August.
o SurveyMonkey/CNBC’s small business confidence survey for Q3 of 2018 matched its all-time high.
• Manufacturers are more confident than ever.
o 95 percent of U.S. manufacturers are optimistic about the future, the highest ever.
• Consumer confidence is at an 18-year high.
• 12 percent of Americans rate the economy as the most significant problem facing our country, the lowest level on record.
• Confidence in the economy is near a two-decade high, with 51 percent rating the economy as good or excellent.
American Business
• Investment is flooding back into the United States due to the tax cuts.
o Over $450 billion dollars has already poured back into the U.S., including more than $300 billion in the first quarter of 2018.
• Retail sales have surged. Commerce Department figures from August show that retail sales increased 0.5 percent in July 2018, an increase of 6.4 percent from July 2017.
• ISM’s index of manufacturing scored its highest reading in 14 years.
• Worker productivity is the highest it has been in more than three years.
• Steel and aluminum producers are re-opening
